Special Purpose Acquisition Co

[djmurdock]

Months ago I was pounding the table on $LAZR $11. $CFAC is a very similar play, albeit slightly more risky, because the merger has not closed yet. But IMO this has a great risk/reward ratio.
$CFAC will most likely merge with AEYE. https://www.facebook.com/AEyeInc/
"AEye is the creator of iDAR™ (Intelligent Detection and Ranging), an artificial perception platform for vehicle autonomy, ADAS, and robotic vision applications. iDAR fuses solid-state agile lidar, an optional camera, and integrated AI to create a smart, software-definable sensor. AEye has partnered with leading tier-1 suppliers and system integrators to configure and manufacture the sensor at scale." -SA
AEye is a very legit Lidar company working on self driving vehicles with partnerships and customers like Subaru, Intel, LG, Hella, Continental tires, OEMs, Airbus etc.
It currently has similar revenue to Luminar at about 15M a year, but I think will be much less valued than Luminar at merger and thus, have a lot of room to run.
" In December, Cantor raised $500 million for its fourth special purpose acquisition company, and this month filed for a fifth SPAC." Cantor is closing deals fast on these and I think this one is close to being done.
Aeye CEO is a complete badass. https://www.aeye.ai/about-aeye/blair_lacorte/
Amazing track record, "Innovator of the year" by NASA and is currently "an investor and astronaut in training with Virgin Galactic, as well as an investor in Moon Express, designer of the next generation of robotic spacecraft systems."
I am confident this deal will close soon and have a $22 Price target IF the merger goes through. If it does not, it will drop to the $11 area and you would have to wait for their next target to recoup. I like the odds.
Some PRs:
https://www.bloomberg.com/.../aeye-is-said-in-talks-to-go...
https://www.ledinside.com/news/2020/1/robotaxi_aeye_tata
https://www.ledinside.com/.../aeye_partners_hella_lg...
https://www.aeye.ai/.../aeye-wins-most-outstanding.../
https://www.aeye.ai/news/press_releases/